Tripadvisor (TRIP) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Tripadvisor (NASDAQ:TRIP) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tripadvisor earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the travel company an impact score of 46.7131261284837 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Tripadvisor Inc (TRIP) Short Interest Down 7.2% in February (americanbankingnews.com)
- Velas Resorts Recognized Among Top Hotels for Service, Romance, Luxury and Families In TripAdvisor’s 2018 Travelers’ Choice Awards (prweb.com)
- Kite Crafting Workshop Now Offered for Kids At Mexico’s Grand Velas Riviera Nayarit (prweb.com)
- Brown Advisory Inc. Sells 6,230,970 Shares of Tripadvisor Inc (TRIP) (americanbankingnews.com)
- Allianz Asset Management GmbH Buys 410,818 Shares of Tripadvisor Inc (TRIP) (americanbankingnews.com)
Tripadvisor (NASDAQ:TRIP) traded down $0.07 during midday trading on Friday, reaching $39.69. 2,219,345 shares of the company’s stock traded hands, compared to its average volume of 4,809,678. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.17. The firm has a market cap of $5,524.29, a price-to-earnings ratio of -283.48, a price-to-earnings-growth ratio of 4.22 and a beta of 1.95. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $50.95.
Tripadvisor announced that its board has initiated a stock repurchase program on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the travel company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several brokerages recently commented on TRIP. ValuEngine downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Barclays reiterated an “equal weight” rating and issued a $41.00 target price (up previously from $35.00) on shares of Tripadvisor in a report on Friday, February 16th. Finally, SunTrust Banks reiterated a “hold” rating on shares of Tripadvisor in a report on Friday, February 16th. Seven equities research analysts have rated the stock with a sell rating and seventeen have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $40.06.
In other Tripadvisor news, insider Dermot Halpin sold 26,313 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total value of $1,118,039.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction of $378,280.00. Following the completion of the sale, the chief financial officer now owns 13,866 shares in the company, valued at $554,640. The disclosure for this sale can be found here. Insiders sold a total of 36,116 shares of company stock worth $1,508,256 over the last 90 days. Company insiders own 1.09% of the company’s stock.
Tripadvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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